Economy

ANALYSIS: Iran-Russia spat?
ANALYSIS: Iran-Russia spat?
July 27th (Geopoliticalmonitor.com) - A war of words is simmering between the governments of Iran and Russia, potentially placing the latter more squarely in the Western camp on any future attempts to turn the screw on Iran’s nuclear program.
 
US-China Economic Conflict: Not dead, Asleep
US-China Economic Conflict: Not dead, Asleep
Political friction over economic issues between the US and China has faded for the time being, but its sources remain and may reappear at any time.
 
ANALYSIS: European Banks Stress Test
ANALYSIS: European Banks Stress Test
Today, results of the financial ‘stress test’ performed on 91 banks across Europe will be made public.
 
China begins to flex its muscle
China begins to flex its muscle
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It seems that the days of a Chinese foreign policy based on not ‘rocking the boat’ are over. Over the next few years, expect Beijing to increasingly assert itself as a global power.
 
Goldman Sachs agrees record $550m fine
Goldman Sachs agrees record $550m fine
July 16th (BBC News) - US bank Goldman Sachs has agreed to pay $550m (£356m) to settle civil fraud charges of misleading investors.
 
China's growth rate slows to 10.3% as lending tightens
China's growth rate slows to 10.3% as lending tightens
July 16th (BBC News) - The pace of growth in the world's third-largest economy slowed in the second quarter, official figures show.
 
BP faces 7-year offshore drilling ban
BP faces 7-year offshore drilling ban
July 16th (BBC News) - A US Congressional committee has agreed measures that would ban BP from new offshore drilling for seven years.
 
JPMorgan profit leaps nearly 80%
JPMorgan profit leaps nearly 80%
NEW YORK (AFP) – US banking giant JPMorgan Chase on Thursday announced a net profit of 4.8 billion dollars in the second quarter, up nearly 80 percent from the same period last year.
 
US military to hand over last detention centre in Iraq
US military to hand over last detention centre in Iraq
July 15th (BBC News) - The US military is to hand over control of its last remaining detention centre in Iraq, as it increases the pace of its withdrawal from the country.
 
Euro zone lauds Greek effort to cut budget deficit
Euro zone lauds Greek effort to cut budget deficit
January 12, 2010 (Reuters) - Greece's fiscal consolidation program is on track and should allow the country to obtain a second tranche of international aid in September, euro zone finance ministers said on Monday.
 
 

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